Coronavirus outbreak could destroy up to 25 mn jobs: ILO : Bulletin: Business Today
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Coronavirus outbreak could destroy up to 25 mn jobs: ILO

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March 19, 2020

Coronavirus outbreak could destroy up to 25 million jobs - ILO

The coronavirus pandemic could trigger a global economic crisis and destroy up to 25 million jobs around the world if governments do not act fast to shield workers from the impact, the International Labour Organisation (ILO) said on Wednesday. "However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be significantly lower," ILo said.

GoAir lays off expat pilots amid coronavirus travel restrictions

GoAir has decided to let go expat pilots amid disruptions due to the novel coronavirus. The decision came a day after the airline asked a section of its employees to go on a short-term leave without pay and is limiting its international operations in the face of a global pandemic.

Coronavirus effect: Hospitality sector revenue to take $4.7 billion hit in 2020

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Govt wants people to stop cash transaction to prevent coronavirus

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Yes Bank resumes services; branches to open one hour earlier from 19-21 March

RBI's moratorium on crisis-hit private sector lender Yes Bank has been lifted. Yes Bank customers can now withdraw money from ATMs and access other banking services.  The bank also informed that its branches will open one hour earlier at 8:30 hours from March 19 to 21, 2020. It has also extended banking hours across branches for its senior citizen customers from 16:30 hours to 17:30 hours between March 19 to March 27, 2020.


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